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- Title
Investment management and personality type.
- Authors
Mayfield, Cliff; Perdue, Grady; Wooten, Kevin
- Abstract
We examine several psychological antecedents to both short-term and long-term investment intentions, with specific focus on the Big Five personality taxonomy. The effects of specific personality traits are evaluated using structural equation modeling (SEM). Our results indicate that individuals who are more extraverted intend to engage in short-term investing, while those who are higher in neuroticism and/or risk aversion avoid this activity. Risk adverse individuals also do not engage in long-term investing. Individuals who are more open to experience are inclined to engaged in long-term investing; however, openness did not predict short-term investing. The implications of these findings are discussed.
- Subjects
INVESTMENTS; PERSONALITY; TAXONOMY; STRUCTURAL equation modeling; PEOPLE with neurosis; RISK aversion
- Publication
Financial Services Review, 2008, Vol 17, Issue 3, p219
- ISSN
1057-0810
- Publication type
Article